Cryptics

Cryptics is a trading platform that brings together investors, traders and quantitative researchers, giving them an AI that makes predictions with 64% accuracy, striving for more.

How it works:

The goal of Cryptics platform is to generate the most valid AI driven predictions on the market. The algorithm creates financial forecasts based on various factors that include media and social networks data to facilitate traders to invest their funds more effectively.

Key factors in the algorithm are collected from different data sources, including global indicators like market capitalisation, number of tokens available for bidding, number of active markets, etc. This ensures the algorithm has all the quantitative indicators it need for making a forecast. The company managed to achieve a 64% accuracy rate from the beginning. Cryptics hopes to improve the number to 75% and more.

The AI also creates an automatic or semi-automatic portfolio that you can operate with a trading bot. Upon paying for a subscription plan with QRP tokens, users can create the bot, choose an exchange they want to trade on, a trading pair, a strategy and spending limits. Bots can be backtested before letting them do any work on the real exchange.

All sorts of reports are available on the platform. They come in the handy form of charts and allow users to make sure their strategy is working as it should be and is paying off.

For the best traders on the platform Cryptics offers a position of an accredited manager. It is available to officially accredited investors, organisations and users who have a successful period of trading that spans for more than 180 days.

This status allows them act as trading agents on the platform, finding clients and managing their funds for a fee. Cryptics will assist them in this task by providing access to more advanced tools, data sources as well as legal advice.

Innovation:

Even though trading services that use AI to improve the results are not a novelty, nor is using trading bots, Cryptics takes AI based predictions to a whole new level. Combination of advanced algorithms and proper collection of data ensures an accuracy rate of 64%, which is in itself worth a high mark.

Innovation score: High

Token value:

QRP token is the utility token of the platform, and is used to pay for forecasts, subscription and fund management services from other users. All transactions on the platform are held in QRP exclusively. This means the token’s value is linked to the total amount of transactions on the platform. It will reach the height of its potential if making fund management deals becomes very popular.

Token value score: Medium

White paper:

Even though it is rather brief, the white paper presents all the details a quality white paper should show. It presents a market overview, explains the concept of the platform, underlining how it is going to solve problems on the market. It also presents the monetisation model and analyses competitors.

White paper score: High

Roadmap:

In 2017 the company was testing mathematical models on the collected data and as a result launched the MVP in November. It is live and can be checked out on their website.

In 2018 Cryptics plans on launching AI trading bots, doing marketing activities on a global scale and attracting AI development teams to improve their platform even further. In 2019 trading bots will be complete and fully integrated in all market transactions.

Full version of the platform will be developed in the first half of 2020, and the company will start the next stage of development. Decentralized funds managed by the users of the platform will be available in the second half of 2020.

Roadmap score: High

Business model:

First revenues that Cryptics is going to earn are going to be mostly forecast engine fees. The company hopes to increase the part that comes from commissions on trader’s revenue in the later stages. Some part of the revenue is expected to come from advertising.

The forecasts show that the platform will reach 88,000 users in 2021, total revenue being $96 mio.

Business model score: High

Team:

The company’s CEO has 11 years of experience and held a position of business development manager previously. COO has 13 years of experience in his field, including work as a marketing director. Having started from journalism, CMO upgraded to a CMO position in a online casino, before switching to Cryptics. With 22 years of experience and consulting for Nokia and Alcatel, CTO is the jewel of this team.

The advisory board includes consultants on strategic development, finance, IR, trading, legal aspects of the business, business strategy, blockchain and a PR advisor who has been consulting BMW and Bosch.

Team score: High

Competitors:

Cryptics lists Genesis, Tokenbox, Coindash and AICOIN as its direct competitors. Most have no AI based forecast and most treat data collection poorly. However, Cryptics faces indirect competition from many other trading and investment startups that offer easier user-friendly solutions to the mass market.

Competitors score: High

Overall thoughts:

Cryptics has an excellent idea, managed by a team of professionals. The company has all the chances for success. If the estimates are true, and the amount of transactions between clients and fund managers rises significantly on the later stages, QRP token can be a good investment.